💨 Abstract

The World Bank has raised India's economic growth forecast for the financial year 2024-25 from 6.6% to 7%, citing growth in agriculture output and employment-fostering policies. Multilateral organizations like the IMF and ADB have also revised their growth forecasts for India upward. The growth is attributed to an above-average monsoon, strong agricultural growth, robust domestic demand, and a rising working-age population.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖